Fintech is becoming “infrastructure”.
Whether it is Ant Financial or JD Digital, which has been renamed JD Cloud, coincidentally define itself as the “infrastructure” of the digital economy era.
This is not only in line with the general development trend of the Internet industry, but also closely related to the essence of the two elements of finance and technology.
As a result, infrastructure has become the ultimate destination of financial technology.
After undergoing baptism time and time again, financial technology finally found its place.
The so-called financial technology is not exclusive to the financial industry, nor is it a tool for players to harvest new traffic. Only by returning it to the “infrastructure” positioning can it truly exert its functions and effects.
In my opinion, when financial technology truly defines itself in terms of “infrastructure,” it is truly abandoning all speculative ideas and truly returning to a relatively rational and objective state of development.
For financial technology, this is undoubtedly a rebirth.
If it develops well, the nascent financial technology has every reason to become the “infrastructure” of the digital economy era, and assume the important task of assisting the deep transformation of the industry in the post-Internet era.
Perhaps in this process, players will have to put in a lot of effort and a lot of costs. However, if we truly define ourselves in the role of “infrastructure,” then the nascent financial technology will open up the imagination space for us. It’s just a matter of defining itself as “financial”.
Become “infrastructure”, finance and technology can be deeply integrated
When it comes to financial technology, we have always said that we need to realize the deep integration of the two elements of finance and technology, and we have been looking for ways and methods to deepen the integration of the two elements of finance and technology.
However, in the end, we found that finance and technology have not yet achieved a true integration. In many cases, technology has become a vassal of finance.
Obviously, the lack of deep integration of the two elements of finance and technology means that they will not be able to achieve long-term development in any case, let alone bring the development of the two elements of finance and technology to a new stage of development.
The financial technology we have seen continues to be subject to supervision and is constantly unable to open up the situation, which is caused by this reason.
When financial technology has truly become “infrastructure,” financial technology is no longer an existence based on finance, but has become an existence that can be deeply integrated with many industries and many scenarios.
When financial technology can be deeply integrated with many industries and many scenarios, its function and role have changed from an existence only limited to the financial industry to an existence similar to the Internet.
If we regard the Internet as the “infrastructure” of the Internet era, then the financial technology after transformation is the infrastructure of the digital economy era.
What needs to be clear is that after the transformation, finance and technology will no longer be two independent existences, and there will no longer be the clear relationship between finance and technology in the past, but truly integrated into one.
For players who have been struggling not to find the right way and method to combine finance and technology, truly defining financial technology in terms of “infrastructure” undoubtedly found new ways and new methods for the integration of finance and technology.
If we must make a summary of such a new method and new method, take digitalization as the forerunner, open up the barriers between finance and technology, bridge the gap between finance and technology, and truly realize the two elements of finance and technology. It may be the main feature of financing and deriving many new types of “infrastructure” from the outside.
In any case, when financial technology has truly become “infrastructure”, the two elements of finance and technology can be regarded as truly deep integration.
Become an “infrastructure” and de-internetization can be truly completed
We all know that when Internet finance encounters regulation, many new types of finance have emerged.
There is digital finance, smart finance, and inclusive finance… No matter what type of finance, no matter what concept it is, there is actually no way out of Internet finance.
In other words, those new types of finance derived from it are, in essence, more synonymous with Internet finance.
This is the fundamental reason why we have seen so many concepts and new financial models in the post-Internet finance era, but they have never stood out.
When financial technology has truly become “infrastructure”, de-internetization is truly complete.
When the de-internetization is truly completed, the development of financial technology has truly entered a new stage of development.
Why do you say that?
Because the completion of de-internetization has very obvious signs and characteristics.
First of all, there are no traces of financial technology platforms anymore.
Looking back on the past financial technology, we can clearly see this development trend.
Whether it is Ant Financial or JD Cloud, in essence, after becoming “infrastructure”, the concept of platforms gradually takes a back seat, instead, they begin to seamlessly connect and connect with the industry.
In other words, the players of financial technology are no longer based on the platform as the logic, but on the deep integration with the industry as the logic.
In the future, as this development model continues to advance, the traces of the platform will be further eliminated until financial technology truly becomes “infrastructure.”
Secondly, the flow thinking of financial technology is no longer.
In the post-Internet finance era, people have always been looking for ways and methods to get rid of Internet finance, but they have never got rid of the entanglement of Internet finance. One of the important reasons is that no matter what kind of new type of finance, their development It is still the ultimate pursuit of flow.
Once traffic is the ultimate pursuit, then, the development of financial technology is still the underlying logic of Internet finance, and it still has not escaped the entanglement of Internet finance.
After becoming “infrastructure”, the concept of traffic ceases to exist.
For financial technology, all industries are its traffic, and all industries are its service targets. When this phenomenon occurs, the concept of traffic actually no longer exists.
When the concept of traffic no longer exists, the real test of players will not only be the amount of traffic obtained in a simple sense, but will also test the depth and breadth of fintech players’ involvement in the industry.
In other words, how much financial technology players have brought to the development of the industry, it can obtain how much development potential, instead of mastering how much traffic in the traditional sense, it indicates how much development it has. Potential.
Therefore, when it has become “infrastructure”, the de-internetization of financial technology can be regarded as truly complete.
Become “infrastructure”, financial technology can be regarded as a new evolution
When the supervision of Internet finance continues, players have been trying to distinguish their relationship with Internet finance, and some people even changed their names altogether and no longer called finance-related names.
However, if you only change the name, if you only change the coat, without substantial transformation, then financial technology has not achieved true evolution.
It is not so much an evolution as it is a behavior of selling dog meat.
The author believes that the reality of financial technology engaging in financial behavior has not changed, and the reality of financial technology engaging in Internet behavior has not changed.
This is the fundamental reason why we have seen so many twins in financial technology later on, but none of them stand out.
When financial technology has truly become the “infrastructure”, the evolution of financial technology can be regarded as jumping out of the traditional category and truly entering a new era, and the financial technology of this era can be regarded as a real new evolution.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/fintech-incarnate-as-infrastructure/
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